Wednesday, 7 September 2011

Luxury goods -demand surges

It is never a surprise to me that the wealthy are not short of advocates arguing to keep their taxes down. Their pleaders are out in force this morning telling us why the 50p tax band is holding us back. But it was another item of news that caught my attention. It appears that there is surge of demand in the luxury products market. The financial commentator remarked that with the return of stability in the upper reaches of the property market confidence has returned to this sector. It is, he said, another world out there. All of which leads me to conclude that it is world in need of a land tax. As Jo Grimond used to say we should be 'spreading the ownership around'

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